Consider the recent scandal at MF Global. Given the financial complexity of MF Global's business, were the most recent board members adequately qualified? Explain© BrainMass Inc. brainmass.com September 18, 2018, 12:12 pm ad1c9bdddf
The board members were more than adequately qualified. A study of the board members shows that they had more than enough experience to be in their respective positions and to oversee MF Global's activities. One of the board members actually even specialized in the main types of trades that were the company's most recent downfall. We have many years of experience and specialization on their board. We have executives, attorneys, directors, partners, risk management specialists, and investment managers. It has been proven through recent investigations that the board members were aware of the trading risks that were going on. In several instances, the board members had discussions over the trades that were taking place, including those with the highest risk, and the board was approving the trades. The question then surfaced almost instantly from both investigators and the media as to why. Why would a board with such ...
Consider the recent scandal at MF Global. Given the financial complexity of MF Global's business, were the most recent board members adequately qualified? Explain